ICPC Releases Guidelines for Management of COVID-19 Relief Funds
Apparently leveraging on its preventive contains in the Corrupt Practices and Other Related Offences Act, 2000,
“Salient among the several provisions of the guidelines are: first, the Bank Accounts Policy which allows the Chairman of the PTF the discretion to designate bank accounts solely for the collection of funds and donations, as well as a specific bank account that receipts are swept into for expenditure whose signatories, though appointed by the Chairman, PTF shall not have approving powers. Reconciliations of the accounts and books maintained shall be submitted to the Chairman, PTF monthly.
The statement added that the guidelines also required all cash advances to be subject to the Financial Regulations and Public Service Rules . While petty cash advances may be made to an officer for petty cash transactions as approved by the Chairman, PTF. “This is to ensure that information is made available to the public and for them to provide feedback through the ICPC toll-free telephone lines, email, social media platforms, etc. to eliminate the suspicion of corruption”, the anti-graft commission further stated.
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